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by government through fiscal policy was the real blow-up risk. so if you think of a couple places in the world that we were the most afraid of like europe, i think the actions of the ecb to at least defer the problems with the sovereigns and the bank issues in europe, if they use this time to fix the problems, we'll look back and think it's a good thing. if they deferred them, made them worse in the long term, we won't feel that way. i think something similar has happened in the united states whereby a lot of liquidity has been provided by the central bank. >> andrew, you have operations throughout all of the world. what's your sense of growth? there are troubling reports about growth slowing down which so far have been a very powerful lifeline for global growth as united states and europe weakened, particularly china where you do a lot of business. >> i don't think we're going have an '08/'09 scenario out there for the reasons lloyd was addressed. i do think the world since '08/'09 to now has not gotten to normal. of course, the obvious, which is consumption in the u.s., is not where it was.
in advance will be three on the economy and one each on health care, the role of government and governing. with an emphasis throughout on differences, specifics and choices. both candidates will also have two minute closing statements. the audience here in the hall has promised to remain slinlt. no cheers, applause, boos, hisss among other noisy distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama. and governor romney. [ applause ] >> jim. >> gentlemen, welcome to you both. let's start with the economy. segment one, and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes. each of you have two minutes to start. a coin toss determined, mr. president, you go first. >> thank you very much, jim, for this opportunity. i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight, but the most important one is, 20 years ago i became
government. who believe that they are victims, who believe the government has a responsibility to care for them. who believe they're entitled to health care, to food, to housing, you name i. that's an entitlement and the government should give it to them. and they will vote for this president no matter what. and i mean the president starts off with 48, 49, he starts off with a huge number. 47% of americans pay no income taxes. so our message of low taxes doesn't connect. he'll be out there talking about tax cuts for the rich. i mean that's what they sell every four years. my job is not to worry about those people. i'll never convince them they should take personal responsibility and care for their lives. >>> a new poll finds 45% of registered voters feel more negative about mitt romney after that 47% comment. just 23% feel more positive about him. 24% said the comment did not make much difference. and because of what they've read, seen or heard about mitt romney over the last few weeks, 51% now have a less favorable impression of mitt romney. 28% have a more favorable impression of rom
two plans. and by the way, if the government can be as efficient as the private sector and offer premiums that are as low as the private sector, people will be happy to get traditional medicare, or they'll be able to get a private plan. i know my own view is, i'd rather have a private plan. i'd just as soon not having the government telling me what kind of health care i get. i'd rather having a insurance company, if i don't like them, i can get rid of them and get a different insurance company. but people like to make their own choice. and the other thing we have to do for medicare, we have to have the benefits high for those who are low-income, but for high-income people, we're going to have to lower some of the benefits. we have to make sure this plan is there for the long-term. that's the plan i put forward. and by the way, the idea came not even from paul ryan or senator wyden, but it came from bill clinton's chief of staff. this is an idea that's been around a long time. which is saying, hey, let's not see if we can get competition into the medicare world, so that people can
, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors, the lawsuit says, deceiving them about the fundamentally defective character of the mortgages and went housing bubble burst, those investors are suffered monumental loss, jpmorgan plans to contest the suit and disappointed with the ag for bringing the case and says it is the first product of a presidential working group on american securities fraud formed in january. today in washington, officials signal it had won't be the last case. sue? >> scott, stay with me. we are going to talk about this joining us first on cnbc to discuss the lawsuit is new york attorney general eric schneiderman. welcome, sir, pleasure to have you back with us on "power lunch." >> tha
's happened in our government in recent years and has continued up until now is a breakdown in the trust among our people and the -- >> don't adjust your set. this is what it was like live. hold on for just a second. this is what it was like for people watching the debate that night. [ silence ] >> the pool broadcaster from philadelphia have temporarily lost the audio. it is not a conspiracy against governor carter or president ford. they will fix it as soon as possible. >> the pool audio from philadelphia has been lost momentarily. we hope to have it back any minute. we don't know what's happened to it. >> it took 27 minutes to get that sound back. so the first time we had incumbent president face his challenger on tv in a debate in american history, it was totally novel to the country, it had never happened before, and the verdict to the extent that there was any clear winner or not, nobody really seemed to think there was a clear winner. frankly, it was almost beside the point. everybody was distracted with what went wrong, technically, 27 minutes of silence all blamed on this tiny little c
report from the government. today thursday's weekly jobless claims report. that hits the wires at 8:30. in the meantime, what's been happening in europe is that things have barely bunched there again and they seem to be taking their cues from us.dnched there aganfroms.gnched there agand they seem to be taking their cues from us.ched there again and they seem to be taking their cues from us.hed te again and they seem to be taking their cues from us.ed there again and they seem to be taking their cues from us. dow, nasdaq, s&p all closing slightly higher yesterday. in asia, a long week without chinese trading, but in japan, the nikkei was up by about 77 points. and in bombay, sensex up by 188 points. oil prices actually energy stocks yesterday were lagging as we saw big tumble in crude oil prices. back up by about 6 # ce4 cents, those are levels we haven't seen in quite some tile. ten year note, yielding 1.63%. so that's a slightly higher yield than yesterday. the dollar interesting story, too. you'll see that it is down against the euro. but still 1.2951. so we've been right around 1
the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown
. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we have laid off a lot of cops, firefighters and teachers. that is not the way to get the economy humming again. >> governor gilmorgilmore. aka governor romney, what is your solution? >> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard go
,000 in health care and social services and another 10,000 in government employment. the private sector didn't show robust jobs growth in month. i want to underscore in the spirit of bipartisan agreement among economists, i can't accept that bls would cook numbers. the only thing worse you could do is say my mother didn't love me. >> we can't quantify that, can we? >> well said. >> jared, so the next time we meet for a jobs report friday it will be the friday before election day. anything that you can pull from trends that you see or from this report that gives us any hint what might be in the next jobs report? >> look, i think there's -- as i mentioned, i think there's a bit of momentum here, but i don't think we're seeing a job market that's anywhere near full employment. i expect us to continue to make slow progress. next month will probably be too late for people to change political perceptions about the job market by the time the number comes out. what the president can and will say is that the kind of report he got today supports his narrative we're moving in the right direction, perha
, claims the government spends too much on suburbs, not enough on "our neighborhoods." earlier, we played the clip about where he praised jeremiah wright. and now the difference of the response of hurricane katrina to hurricane andrew. >> down in new orleans, there is a federal law called the stafford act. the local government has to give a match. here is the thing. when 9/11 happened in new york city, they waved the stafford act. forget that dollar you have to put in. here is $10. and that was the right thing to do. when hurricane andrew struck in florida, they said look at this devastation, don't expect you to put that money in. what's happening in new orleans? where is your dollar, where is your stafford act money? makes no sense. tells me the but let hasn't been taken out. tells me that somehow the people in new orleans, they don't care about as much. >> president obama, that was five years ago. decide for yourself whether this shows a side of barack obama never been seen before as the daily caller suggestsor nothing new. the president seems to be speaking at a difference cadence and
they will be governing from the house most likely. that is the key thing to remind people there is a governing of the republican party that already exists. it's like nailing gel oto the wall. no. you are tied to an actual institutional govern body which actually has a record, which actually is going to propose and vote for things that you actually put on your ticket. they are you and you are they and that connection never really happened. >> and it's not in the future. it's not hypothetical. he said if the ryan claim i would sign it. >> i want to go to lawrence o'donnell who is in denver in the spin room. >> i'm in the spin room now where marco rubio is the star. he's telling them how great governor romney did tonight. i think we have to recognize here that we do not declare the winner of this debate. the voters are going to make that declaration. we're going to find out not tomorrow. we're not going to know for three or four days. we will see a first round of polling on this, minimum of four days from now. so we go into it with our personal expectations and our personal notions about which ca
about the role of government he talked about caring for people who are less fortunate. >> not scaring. i got to get out. steve we're going to have you back again. love to have you back. jennifer's going to hang around for awhile for the full show tonight. i want to switch gears. this goes to what we were talk about. will mitt romney's performance last evening be enough to swing voters? my next guest was one of chicago's most influential obama supporters back in 2008. in this election cycle she has switched gears to support mitt romney. susan crown now cochair of illinois for romney. she's a member of the national finance team for the romney campaign. all right, susan, welcome to the show. >> thank you. >> what made you switch to the romney camp? >> several things. i became increasingly disillusioned and disappointed, and actually pretty angry when obama came out with his 67 borders comments about israel. and i just felt that he wasn't up to the job. >> and i notice -- i read the big story that was about you. you're not happy with the deficit plans, you're not happy with the tax plans. bu
businesses based on the government. >> fewer than 500 employees. >> exactly. you can fit all the ceos of firms in madison square garden. the rest of the businesses in the population of south carolina. you are talking roughly 18,000 people who run businesses more than 500 people. the millions of businesses that generally are having a very hard time. so, it's not a matter of bigness or smallness. ultimately, it should be those businesses that help sustain communities versus those that prey on them. >> congressman, it strikes me this has become a thing that is political can't. you are never going to get up in the well of the house and say i proudly bring before today this bill is that going to stick it to small businesses. i mean, but if you say this bill is going to be great for small businesses whether or not it's the case, you give it this kind of legitimacy. >> you are right on both counts, i'm not going to stick it to small businesses. but, you know, it's not a term in search of definition. it's a term to avoid definition. that's the deal. everybody wants to be quote, for business.
in afghanistan and no evidence that the american plan to hand over to a credible, stable afghan government will work. these village elders tell me once u.s. troops leave, a civil war will begin and u.s.-trained afghan forces will not be able to stop it. >> are you preparing for this fight? are you already stockpiling weapons and ammunition and getting yourself ready? yes, we are, we will definitely fight, he says. and what about the afghan government? it's meaningless here, they say. you think it's possible that the taliban will try and come back. yes, they will, he says. it makes a decade's work of american battles seem futile. it wasn't always like this. >> the united states military has begun strikes. >> at first, the war had momentum. and a clear purpose. al qaeda with bases in afghanistan attack the united states on 9/11. just three months later, the u.s. drove the taliban from power, al qaeda and osama bin laden were on the run. it was done with a few hundred cia officers, special forces, and air power. a quick victory. but not decisive. >> that was nbc's richard engel reporting. and
of government and leadership/governing style. and by a pretty wide margin going in right now, the voters expect president obama is going to outdebate his opponent, but both men have taken great pains to downplay their own chances, downplay the expectations. our dan lothian is up very early at the university of denver. and, dan, i understand this is the fourth time that these two men have really ever encountered one another in person. is that expected to have any effect when they meet each other on stage? >> well, certainly this is not someone who the president spent time with in the senate, has not spent a lot of time talking to him, and when they debate tonight, for 90 minutes, it will be the most time and the longest time that they have spent interacting at all. so it is an unusual, i guess, setting if you will for the president and governor mitt romney. but nonetheless, they're getting ready for this big event, the last couple of days they have been doing these mock debates, going through every possible question that will be asked, every possible scenario that will be thrown their way. so th
the real internet is very dissatisfying to the government of iran. there is all sorts of stuff on the internet the iranian mullahs do not like so they've been busy closing off bits of internet to the iranian public. you can't use google. now you can't use youtube. you can't use specific sites where the government doesn't like what you can read there or what you can see there. they've been doing that forever. kind of playing with the internet. iran's government is apparently getting tired of managing the increasingly complex patchwork of things they want to block the people in their country from seeing online and so instead they have a genius idea. they are suggesting they may just close off access to the real internet all together and instead build themselves their own internal government approved internet. just for their own country. it's not really an internet. it is more like an iran-ternet. they will build their own separate but equal. ridiculous right? but you can understand that sort of controlling dictatorial impulse here that gives rise to that sort of ridiculousness. i
the government should make the call? >> there you go again, chris. >> i know. >>> the gallup tracking poll has now divided into two. >>> if look at the pollster trend line of -- you can see obama in the blue line really picked up. we all know that charlotte was good for the democrats, but romney started gain rapidly following that debate. what do you think about that, michael? how is it moving between now and 28 days from now? >> now, how the people digest that remains -- sugar high? how long does it last? >> whatever it was, obama should have had some of it. the poll, the tracking is beginning to reflect -- >> we're getting into the big issues tonight and for the coming two presidential debates. >> i think that joe biden is going to draw up big. everyone wants to know if everyone's going to do it. to some extent i think it will be like nascar. is he going to make a mistake? the democrats have argued that romney's claim during last week's debate, it's actually a plan to cut $5 billion in taxes, but he did it again tonight on cnn just a short time ago. the obama attacks are false, let's see wha
the federal government saved 1.5 million american jobs and ohio's economy. and all of a sudden, mitt romney says the auto loan, that was just a good idea. and mitt romney says he will be the president for all americans. don't forget that. even though he was caught on tape saying he can never convince 47% of americans to take responsibility for themselves. this is why mitt romney can't be let off the hook in the debate tomorrow night. but it's hard to press him on these issues when he doesn't even answer the questions. here it is. >> what is the biggest misconception about you in the public debate right now? >> we'll have to create more jobs, have less debt and shrink the size of government. >> misconceptions about you? >> you get to ask the questions you want and i get to give the answers i want. >> i hope there's a moment like that tomorrow night. not going to be easy for jim lehrer. even if romney won't answer for them, it needs to be spelled out loud and clear to the american people who have been lied to. mitt romney has not been straight with americans on where he stands and where he wa
, a lot of government jobs added. but for some reason, i've always been told you need 200 to 250 to make a dent. 114 got a 300 basis point drop? it's crazy. and there's a reason -- you know what they're calling people that are saying this. they're calling help truthers. throwing them in with the birthers. >> i don't believe that there was conspiracy to make the jobs number -- >> i know that. and anyone that says that will be called a truther. so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the
in power coming up in china. typically there is inaction on the part of the government in terms of huge programs where it be stimulus or not. many expect you may not get something substantive still march. there's also a great deal concern about the financial system. you hear it a lot. we all talk about the lack of validity of many of the statistic that is we still rely on. but within the financial system itself, where the debt really is, a number of metrics that are followed and thought to be worthy of following are not looking great. there's continued concerned. >> we're running smack into -- our companies have to tell the truth. but there's a huge cohort of companies in our company that don't need a whole lot of growth. so we're funneling into winners and leaving aside cyclicals as losers. >> world bank goes from 8.2 to 7.7. if you think 5 to 6 is the real number, should we be bracing for more -- >> yeah. look, these guys want to do everything incremental but the data's bad. i saw someone recommending gm today on strength of china sales. everyone wants to get ahead of the turn. but no
a lasting government that represents all of them. and i'll vigorously pursue the terrorists who attacked our consulate in benghazi and killed our fellow americans. >> eli lake with the daily beast has been out front on the libya story from the beginning with what the u.s. knew, when the u.s. knew it. he joins us once again with increasing information on this. so, i want you to clear up something. you've been reporting today about the militia and some leaders of that militia in benghazi, who were allied with our mission there, but then said we're done with you because you don't like who we support for our new leadership. was that accurate? were they threatening to pull that work away and leave us less protected? >> that's based on the notes of september 11, 2012 cable that was approved by ambassador chris stevens on sort of the benghazi situation overall. it was one of the most interesting bullet points in the three page cable back to washington and i think it shows that in libya right now, there is an effort to try to build serious national security institutions, but those are very early, th
government austerity cuts. pensioners clashed with riot police and burned an eu flag. german chancellor angela merkel is scheduled to arrive in athens at about 6:30 eastern time today for a six hour visit. police banned protests in most of central athens and 6,000 officers are trying to keep control. this is merkel's first stop will greece since the debt crisis kree resulted back in 2009. and carolyn roth will be joining us live. >>> and both president obama and mitt roy in will be in ohio today. voters in the swing state are getting their last chance to register for next month's election. the polls are now all over the map. pew has romney up four points, but gallup says the positive jobs report gave president obama a five point boost. among our guests, ken langone and donald trump. and focusing on issues of foreign policy and national security, we have senator john mccain. and by the way, if you went to sleep early last night, the texans beat the jets 23-17. this win brings the texans perfect record this season to 5-0. we will have more in squawk sports. first andrew has the morning's
'm not going to be highly successful of lowers taxes. and likewise those who are reliant on government are not as attracted to slimming down the size of government. it is not elegantly stated. i'm speaking off-the-cuff in response to a question and i'm sure i could state it more clearly than i did in a setting like that. i'm sure i'll point that out as time goes on. >> joining me now msnbc's alex wagner and chris hayes. the first round of this, he went the rush limbaugh route and explained the comments. he said this is such a golden opportunity. this could be the opportunity for the campaign to take the gloves off and explain conservatism. tonight he says, well that comment i was completely wrong. >> yeah, you know, lawrence the word that has popped into my head in the course of the last 4 hours was labotomy. that is the ome way they are going to believe in the things that he is saying or he has had one. which is the explanation for this pivot. i think what struck me last night was there was btn't the attempt to defend this positions to his tax plans to this position on education fundi
government officials have confirmed the committee that prior to the september 11 attacks, the u.s. mission in libya made repeated requests for increased security in benghazi. the letter goes on to detail a series of attacks and incidents in libya that formed the basis for those calls for more security resources, resources that the letter alleges were denied by officials in washington. we'll have more on that angle shortly. first, arwa damon joins me. she's back from libya and joins me here in new york. very good to see you safe and sound. walk me back. you were at the site three days after the attack. you have some still photographs that have never been seen before. describe what we see. >> well, the first in these photographs is basically the exterior of the main building at the compound itself. this is the building where the ambassador resided, and the right hand portion of the building is where the so-called safe room was supposed to be. as you can see, the burning all occurred inside the building itself. >> it doesn't look very touched on the outside. >> no. very much a lot of the dama
of american activists are spreading that around in pakistan. live from islamabad. >>> a new government report shows two companies that employ thousands of americans may actually pose a security concern for the united states. >>> nascar drivers are questioning their safety after a 20 car pile-up at one of nascar's most famous tracks. why one driver calls it bloodthirsty. >>> the obama campaign launching a counteroffensive to a speech th hasn't happened yet. >> reckless. immaturish. that's what news media and fellow republicans called mitt romney's gaffe-filled july tour of england, israel and poland. >> that's what you call a prebuttal. prebuttal. "newsroom" starts now. -- captions by vitac -- www.vitac.com >>> good morning to you. happy monday. i'm carol costello. that's where we begin on the campaign trail. president obama is raising cash. mitt romney is raising concerns. this morning he's ripping the administration's handling of the middle east and its many recent flash points like the fatal terrorist attack on the u.s. consulate in libya. romney is trying to polish his own spotty record on
? is restriction not one purpose of progressive taxation? is not most of what government does, from agriculture subsidies to subsidized student loans to entitlements, the restriction of well the from one cohort or region to another? thank you george will. steve, i've been trying to explain that to mitt romney that every form of taxation is restriction. i, too, would love to hear him called on that one. >> yeah. if we're talking about the whole restriction in this debate tomorrow night, i think it's a symptom of a broader problem for mitt romney and that is we're basically talking about the stuff that he's been talking about to appeal to the republican base. the idea that obama is a restrictioni restrictionist, this is something that has emerged within the base of the republican party that animates them but we have seen that for four years. that image of obama does not have resonance with the swing voters. so romney has been pitching that to the base and he continues to talk about it and his campaign continues to put it out there. if you're talking about that in the debate you're not winning ove
of the federal government. jp is cooperating with the government group and if this lawsuit works it may have some power and fuel. >> can i ask a cynical question? i looked through the lawsuit and looks like so much of the plaintiff lawsuits. >> sure does. >> plaintiff attorneys brought the exact same civil case. >> right. >> why do we think this is going to be a new model for anything? >> they say it's a model for the feds and the state attorneys general to work together. new york has this martin act that other attorneys generally in new york have used quite a bit in the past. >> to the extent that they bring more cases like this, civil cases, do you think this does anything to feed the public's lust for whatever you think, whatever you think president obama was trying to go for a year ago when he created this group in. >> if the public is lusting for ceos being perp walked over the financial crieses they're not going to get it with this and may not ever because they haven't been able to build the criminal cases, they're tough to make, if there was criminal conduct you have to get the lower execu
Search Results 0 to 49 of about 87 (some duplicates have been removed)